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Salzer Electronics Ltd. Earnings Release 2026
61391_rns_2026-05-23_8e612c80-0e52-41b2-8a5b-eaa9f221ccc4.pdf
Earnings Release
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ISO 9001 | 14001 | 45001 | ATF CERTIFIED
salzer
May 23, 2026
To
THE CORPORATE RELATIONSHIP DEPT
M/s.BSE Limited I Floor,
New Trading Ring, Rotunda Building,
P.J.Towers, Dalai Street, Fort,
Mumbai - 400 001
NATIONAL STOCK EXCHANGE OF INDIA LTD.,
Exchange Plaza, C-1, Block G,
BandraKurla Complex, Bandra (E),
Mumbai - 400 051
Scrip Code :517059
Scrip Code : SALZERELEC
Dear Sirs,
Sub: Outcome of Board Meeting held on May 23, 2026
Ref: Our letter dated May 07, 2026
We wish to inform pursuant to Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") that our Board of Directors of the Company at their meeting held today, May 23, 2026 have, inter alia, considered and transacted the following business :-
- Approved the Audited standalone as well as Consolidated Financial Results for the Fourth quarter and year ended March 31, 2026 and in pursuance of which, we have enclosed the following :-
i. Enclosed the aforesaid Audited Standalone and Consolidated Results for the fourth Quarter and year ended March 31, 2026 as Annexure – A and
ii.
iii. Declaration from the Chief Financial Officer of the Company affirming the fact the Statutory Auditors of the company has issued Unmodified Opinion on the Standalone and Consolidated financial results as Annexure –B
Copies of both Standalone and consolidated Financial Results will be uploaded in the Company's website www.salzergroup.net
Further, Pursuant to Regulation 47 of SEBI LODR Regulations, an extract of the aforesaid financial results in the manner prescribed under the SEBI Listing Regulations will be published in English and Tamil newspapers within stipulated time.
- Recommended a dividend of Rs.2.50/- (25%) per equity share having face value of Rs.10/- each for the financial year ended March 31, 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting,
- Approved the schedule for convening the 41st Annual General Meeting of the Company for the financial year 2025-26 on Saturday, September 12, 2026 through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM").
- Approved the Record Date as August 28, 2026, Friday, for the purpose of Dividend payment for the financial year 2025-26, if declared at 41st Annual General Meeting
- Approved, subject to the requisite approval of the shareholders, the re-appointment of Mrs.Priya Bhansali (DIN: 00195848) as an Independent Director for the second term of five consecutive years effective August 07, 2026
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jothipuram (Post),
Coimbatore - 641 047. INDIA.
+91-422-423 3600 [email protected]
CERTIFIED MANAGEMENT SYSTEM
www.salzergroup.com
GIN : L0321OTZ1985PLC001535
GSTIN: 33AAECS3411L1ZJ
ISO 9001 | 14001 | 45001 | IATF CERTIFIED
salzer
Mrs. Priya Bhansali has confirmed that she meets the criteria of 'independence' under Section 149 of the Companies Act, 2013, and Regulation 16 of the SEBI Listing Regulations. Further, she has also confirmed that she has not been debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority.
- Approved, subject to the requisite approval of the shareholders, the re-appointment of Mr. Sharat Chandra Bhargava (DIN: 00008146) as an Independent Director for the second term of five consecutive years effective August 07, 2026 and
Mr. Sharat Chandra Bhargava has confirmed that he meets the criteria of 'independence' under Section 149 of the Companies Act, 2013, and Regulation 16 of the SEBI Listing Regulations. Further, he has also confirmed that he has not been debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority.
and
- Approved, subject to the requisite confirmation of the shareholders re-appointment of Mr. A.R. Ramasubramania Raja, Practicing Cost Accountants as Cost Auditors of the Company for the financial year 2026-27
The details as required in respect of item No.5 to 7 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (last updated: January 30, 2026), are enclosed as Annexure: C
The Meeting commenced at 12.00 Noon and closed at 3.30 PM
Kindly take the same on record.
Thanking you
Yours faithfully
For SALZER ELECTRONICS LTD
K M Murugesan
Company Secretary & Compliance Officer
Encl : As above
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jothipuram (Post),
Coimbatore - 641 047. INDIA.
+91-422-423 3600 [email protected]
www.salzergroup.com
CIN: L032I0TZJ985PLC001535 GSTIN: 33AAEC53411L1ZJ
ISO 9001:14001:45001:IATF CERTIFIED
ANNEXURE-A
Statement of Standalone Audited Financial Results for the Fourth Quarter and year ended March 31, 2026
Rs. In Lacs except for per share data
| Quarter ended | Year ended | |||||
|---|---|---|---|---|---|---|
| Particulars | 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| Audited Refer Note No.vii | Un-Audited | Audited | Audited | Audited | ||
| 1 | Income | |||||
| a. | Revenue From Operations | 46,208.81 | 41,195.20 | 36,558.51 | 1,71,519.37 | 1,38,292.59 |
| b. | Other Income | 33.29 | 24.38 | 260.24 | 175.33 | 542.52 |
| Total Income | 46,242.09 | 41,219.58 | 36,818.75 | 1,71,694.69 | 1,38,835.11 | |
| 2 | EXPENSES | |||||
| a. | Cost of materials consumed | 37,672.23 | 31,464.23 | 28,291.10 | 1,35,936.03 | 1,08,266.51 |
| b. | Purchase of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| b. | Changes in inventories of finished goods,work-in-progress and stock-in-trade | -1,056.85 | 279.57 | -339.73 | -2,922.06 | -3,401.68 |
| c. | Employee benefit expenses | 1,792.86 | 1,616.28 | 1,500.32 | 6,526.26 | 5,389.38 |
| d. | Finance Cost | 1,227.51 | 1,195.40 | 1,059.91 | 4,739.92 | 4,079.67 |
| e. | Depreciation and amortisation expense | 636.42 | 691.31 | 569.88 | 2,601.19 | 2,229.21 |
| f. | Other expenses | 4,836.93 | 4,254.16 | 4,489.23 | 17,836.02 | 15,544.90 |
| TOTAL EXPENSES | 45,109.10 | 39,500.95 | 35,570.71 | 1,64,717.36 | 1,32,107.99 | |
| 3 | PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (1-2) | 1,132.99 | 1,718.63 | 1,248.04 | 6,977.33 | 6,727.12 |
| 4 | Exceptional Items | 0.00 | 0.00 | -83.00 | 65.11 | 1,518.31 |
| 5 | PROFIT BEFORE TAX | 1,132.99 | 1,718.63 | 1,165.04 | 7,042.45 | 8,245.43 |
| 6 | TAX EXPENSE | |||||
| a. | Current Tax | 51.90 | 398.49 | 240.73 | 1414.64 | 1761.59 |
| b. | Deferred Tax | 78.72 | 46.09 | 100.98 | 244.60 | 258.01 |
| Total tax expense | 130.62 | 444.58 | 341.71 | 1,659.24 | 2,019.60 | |
| 7 | PROFIT AFTER TAX (5-6) | 1,002.38 | 1,274.05 | 823.33 | 5,383.21 | 6,225.83 |
| 8 | OTHER COMPREHENSIVE INCOME | |||||
| a | Items that will not be reclassified to profit or loss | -78.80 | 22.39 | -42.38 | -62.63 | 11.00 |
| b | Items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Other Comprehensive Income/(Loss) (net of tax) | -78.80 | 22.39 | -42.38 | -62.63 | 11.00 | |
| 9 | TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (7+8) | 923.57 | 1,296.44 | 780.95 | 5,320.57 | 6,236.83 |
| 10 | Paid up share capital - equity shares of Rs.10/- each | 1,768.27 | 1,768.27 | 1,768.27 | 1,768.27 | 1,768.27 |
| 11 | Reserves and Surplus (Other Equity) | 56,138.60 | 51,259.79 | |||
| 12 | EARNINGS PER SHARE (of Rs.10/- each) | |||||
| a. | Basic (in Rs.) | 5.67 | 7.21 | 4.66 | 30.44 | 35.30 |
| b. | Diluted (in Rs.) | 5.67 | 7.21 | 4.66 | 30.44 | 35.21 |
Date: May 23, 2026
Place: Coimbatore
For Salzer Electronics Limited
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jothipuram (Post),
Coimbatore - 641 047. INDIA.
+91-422-423 3600
[email protected]
www.salzergroup.com
CIN: L03210TZ1985PLC001535
GSTIN: 33AAEC5341IL1ZJ
ISO 9001 | 14001 | 45001 | IATF CERTIFIED
salzer
Notes forming part of above STANDALONE results
i) The above Audited financial results were duly reviewed by the Audit Committee at its meeting held on May 23, 2026, and were taken on record and approved by the Board of Directors at their meeting held on May 23, 2026.
ii) The Company operates in only one segment viz., Electrical installation products.
iii) The Board recommended Dividend at the rate of 25% i.e Rs. 2.50 per equity share of Rs.10/- each for the financial year 2025-26 and the Dividend, if approved by the shareholders, shall be payable to all eligible members whose names appearing in the Register of Members on the record date
iv) During the Financial year under review
a) The Company subscribed to an additional 2,70,441 equity shares of Rs.10/- each for a consideration of Rs.27.04 lakh in its Wholly Owned Subsidiary, Salzer EV Infra Private Limited. Consequently, the total subscribed equity shares held by the Company increased from 5,29,100 equity shares of Rs.10/- each as on April 01, 2025 to 7,99,541 equity shares of Rs.10/- each as on March 31, 2026.
b) The Company made investment of Rs. 122.15 Lakh towards equity share capital of Salzer Electronics Arabia Limited, a wholly owned overseas Subsidiary against allotment of 500 Equity Shares of SAR 1,000 each.
c) The Company subscribed 25,53,300 equity shares of Rs.10/- each, constituting 49.00%, for a consideration of Rs. 255.33 Lakhs in Effilume Private Limited, an Associate Entity incorporated as a Special Purpose Vehicle.
d) The Company subscribed 3000 equity shares of Rs.10/ - each constituting 30%, for a consideration of Rs. 30,000/- in Aurawin Solutions Private Limited, an Associate Entity
e) The Company reduced its Equity holding stake in subsidiary company - Kaycee Industries Limited from 71.91% to 71.70%
v) Basic Earnings per share and Diluted Earnings per Share have been prepared in accordance with IND AS 33.
vi) Comparative figures have been regrouped / reclassified wherever necessary to conform to current period's presentation.
vii) The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the year to date figures upto the third quarter of the respective financial years, which were subject to limited review by the Statutory auditors;
Coimbatore - 641 047.
May 23, 2026
For SALZER ELECTRONICS LIMITED
D RAJESHKUMAR
JOINT MANAGING DIRECTOR
(DIN:00003126)
ISO 9001:14001:45001:IATF CERTIFIED
salzer
RS. in Lakhs
STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABILITIES AS AT 31/03/2026
| As at | |||
|---|---|---|---|
| Particulars | 31/03/2026 | 31/03/2025 | |
| (Un-Audited) | (Audited) | ||
| I ASSETS | |||
| 1 | Non-current Assets | ||
| (a) | Property, Plant and Equipment | 31871.18 | 29002.28 |
| (b) | Capital Work in progress | 731.06 | 262.04 |
| (c) | Investment Property | 0.77 | 0.77 |
| (d) | Goodwill | 70.17 | 93.42 |
| (e) | Other Intangible Assets | 312.08 | 391.97 |
| (f) | Financial Assets | ||
| i. Investments | 2158.50 | 1779.11 | |
| ii. Others | 245.57 | 253.57 | |
| (g) | Other Non-Current Assets | 1011.89 | 815.24 |
| Total Non-Current Assets | 36,401.22 | 32598.40 | |
| 2 | Current Assets | ||
| (a) | Inventories | 46202.79 | 36399.86 |
| (b) | Financial Assets | ||
| i. Investments | 951.57 | 855.69 | |
| ii. Trade Receivables | 43143.26 | 40850.05 | |
| iii. Cash and Cash equivalents | 205.25 | 164.94 | |
| iv. Other Bank balances | 484.39 | 365.82 | |
| v. Loans | 146.13 | 141.91 | |
| vi. Others | 232.06 | 231.92 | |
| (c) | Other Current Assets | 5901.72 | 4899.56 |
| (d) | Current Tax Assets (Net) | 161.25 | 0 |
| Total Current Assets | 97428.42 | 83909.75 | |
| TOTAL ASSETS | 1,33,829.64 | 1,16,508.15 | |
| EQUITY AND LIABILITIES | |||
| EQUITY | |||
| (a) | Equity Share Capital | 1768.27 | 1,768.27 |
| (b) | Instruments entirely equity in Nautre - Non Cumulative | 0.00 | 0.00 |
| (b) | Other Equity | 56138.60 | 51259.79 |
| Total Equity | 57,906.87 | 53,028.06 | |
| LIABILITIES | |||
| 1 | Non-current Liabilities | ||
| (a) | Financial Liabilities | ||
| i. Borrowings | 2808.38 | 2231.51 | |
| ii. Net Liability in Leased Assets | 16.99 | 28.24 | |
| (b) | Provisions | 239.92 | 206.24 |
| (c) | Deferred tax liabilities (net) | 2926.55 | 2699.49 |
| Total Non-current Liabilities | 5991.84 | 5165.48 | |
| 2 | Current Liabilities | ||
| (a) | Financial Liabilities | ||
| i. Borrowings | 50335.97 | 43503.55 | |
| ii. Currency Maturity of Leased Liability | 8.87 | 5.68 | |
| iii. Trade Payables | |||
| a) Due to MSME | 4477.12 | 1895.62 | |
| b) Due to others | 12922.84 | 10611.53 | |
| iv. Other Financial Liabilities | 50.27 | 92.71 | |
| (b) | Other Current Liabilities | 993.12 | 1267.2 |
| (c) | Provisions | 1142.74 | 769.19 |
| (d) | Current Tax Liabilities (Net) | 0.00 | 169.13 |
| Total Current Liabilities | 69930.93 | 58314.61 | |
| TOTAL EQUITY AND LIABILITIES | 1,33,829.64 | 1,16,508.15 |
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jothipuram (Post),
Coimbatore - 641 047. INDIA
+91-422-423 3600
www.salzergroup.com
CIN: L032I0TZI985PLC001535 GSTIN: 33AAECS3411L1ZJ
salzer
| Standalone Cash Flow Statement for the Year ended 31st March, 2026 | ||
|---|---|---|
| Rs. in Lakhs | ||
| PARTICULARS | Year ended 31st March, 2026 | Year ended 31st March, 2025 |
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit/(Loss) after tax | 5,383.21 | 6,225.83 |
| Adjustments for: | ||
| Tax expenses | 1,659.24 | 2,019.60 |
| Depreciation and Amortisation | 2,601.19 | 2,229.21 |
| Interest from Bank Deposits | -63.03 | -29.45 |
| Finance Costs | 4,739.92 | 4,079.67 |
| Gain/Loss on Foreign Exchange Fluctuations (Net) | 158.27 | -287.77 |
| Lease Rental Charges-Machinery | - | 217.47 |
| Dividend Income against Investments | -49.79 | -53.38 |
| Profit on Sale of Investments (Kaycee) | -65.11 | -1,601.31 |
| Profit or Loss on Sale of Assets (Net) | -4.62 | 247.76 |
| Impairment on Goodwill | 23.25 | 41.82 |
| Impairment of Investments | 83.00 | |
| Non-operating Income | -57.81 | -171.91 |
| Operating Profit before working capital changes | 14,324.72 | 13,000.54 |
| Adjusted for working capital changes | ||
| Changes in Inventories | -9,802.93 | -7,437.77 |
| Changes in Trade Receivables and Other Receivables | -2481.88 | -7,983.60 |
| Changes in Other Current Assets | -1,006.50 | 341.55 |
| Changes in Trade Payables and Other Payables | 4,892.81 | 1,901.75 |
| Changes in Other Current Liabilities | 28.08 | -117.49 |
| Cash Generated from Operations | 5,954.30 | -295.02 |
| Direct Taxes Paid | -1762.57 | -1,798.92 |
| Net Cash Flow from Operating Activities | 4,191.73 | -2,093.94 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Investments In Fixed Assets | -5,430.47 | -6,864.73 |
| Increase/Decrease in Capital Work in Progress | -469.02 | -22.29 |
| Non-Operating Income | 57.81 | 171.91 |
| Proceeds from Sale of Investments | 90.77 | 1,779.53 |
| Proceeds from Sale of Fixed Assets | 44.98 | 256.19 |
| Investment in Mutual Funds and Equities-Net | -95.88 | -115.54 |
| Investment in Subsidiary/Associate | -404.83 | -17.67 |
| Investments in Equity Instruments of Other Companies | - | -263.94 |
| Dividend Income | 49.79 | 53.38 |
| Interest from Bank Deposits | 63.03 | 29.45 |
| Increase in Other Bank Balances | -118.57 | -89.06 |
| Net Cash Used in Investing Activities | -6,212.39 | -5,082.77 |
Samichettipalayom, Jothipuram (Post).
Coimbatore - 641 047. INDIA.
+91-422-423 3600 [email protected]
CIN: L032I0TZ1985PLC001535 GSTIN: 33AAEC5341IL1ZJ
ISO 9001 | 14001 | 45001 | IATF CERTIFIED
salzer
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
|---|---|---|
| Proceeds from Short Term Borrowings | 6,832.42 | 10,067.79 |
| Increase in Current Maturity of Leased Liabilities | 3.19 | 5.67 |
| Money received against Share Warrants-Net | - | -208.89 |
| Increase in Share Capital | - | 30.00 |
| Increase in Share Premium | 805.50 | |
| Long term Borrowings-Receipts | 576.87 | 932.75 |
| Increase in Net Liability in Leased Assets | -11.25 | 28.24 |
| Interest and Finance Charges | -4,739.92 | -4,079.67 |
| Gain/Loss on Foreign Exchange Fluctuations (Net) | -158.27 | 287.77 |
| Lease Rental Charges-Machinery | - | -217.47 |
| Dividend and Dividend Tax Paid | -442.07 | -442.08 |
| Net Cash Generated from Financing Activities | 2,060.97 | 7,209.61 |
| Net Increase in Cash and Cash Equivalents (A+B+C) | 40.31 | 32.91 |
| Cash and Bank balances at the Beginning of the Year | 164.94 | 132.03 |
| Less: Bank Balances not considered as Cash and Cash equivalents | - | - |
| Cash and Bank balances at the Period Ended | 205.25 | 164.94 |
| The above cash flow has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS) 7- Statement of Cash Flows. |
Samichettipalayam, Jothipuram (Post),
Coimbatore - 641 047. INDIA.
+91-422-423 3600 [email protected]
CIN: L03210TZ1985PLC001535
GSTIN: 33AAECS3411L1ZJ
Swamy & Ravi
CHARTERED ACCOUNTANTS
90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038.
Ph: 0422 - 2446537, 4384536
E-mail: [email protected]
CA
Ref. No. :
Date: 23/05/2026
Independent Auditor's Report on Audited Standalone Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors
Salzer Electronics Limited
Coimbatore -641047
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying Standalone Annual financial results of Salzer Electronics Limited ("the Company") for the year ended 31st March, 2026, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations").
In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results:
i. are presented in accordance with the requirements of Regulation 33 of the LODR Regulations in this regard; and
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India, of the Net Profit and Other Comprehensive Loss, and other financial information for the Annual results for the year ended March 31, 2026 ("Standalone Financial Results").
405-B, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. 080 - 23341957
Swamy & Ravi
CHARTERED ACCOUNTANTS
90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038.
Ph : 0422 - 2446537, 4384536
E-mail : [email protected]
Ref. No. :
Date: 23/05/2026
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Standalone Financial Results
These Annual Standalone Financial Results have been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Financial Results that gives a true and fair view of the Net Profit and Other Comprehensive Loss of the Company and other financial information in accordance with the recognition and measurement principles laid down in applicable accounting standards prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
405-8, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. ☎ 080 - 23837862
Swamy & Ravi
CHARTERED ACCOUNTANTS
90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038.
Ph : 0422 - 2446537, 4384536
E-mail : [email protected]
CA
In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control
405-8, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. ☎ 080 - 23341957
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Financial Results represents the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the Standalone Annual Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Annual Financial Results may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Annual Financial Results.
405-B, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. 080 - 23341957
Swamy & Ravi
CHARTERED ACCOUNTANTS
90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038.
Ph: 0422 - 2446537, 4384536
E-mail: [email protected]
CA
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
The Standalone Financial Results includes the results for the quarter ended March 31, 2026, being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to limited review by us.
Our opinion is not modified in respect of this matter.
For Swamy & Ravi
Chartered Accountants,
FRN: 004317S
S. Alamelu
Partner
Membership No.: 223555
UDIN: 26223555OKDMMMS1808
Place: Coimbatore
Date: May 23, 2026
salzer
Statement of Consolidated Audited Financial Results for the Fourth Quarter and year ended March 31, 2026
Rs. In Lakhs
Audited consolidated financial results for the Fourth Quarter and Financial year ending March 31,2026
| Quarter ending | Year ending | |||||
|---|---|---|---|---|---|---|
| 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| Audited Refer note No. v | Unaudited | Audited | Audited | Audited | ||
| 1 | INCOME | |||||
| a | Revenue From Operations | 47,414.31 | 42,420.22 | 37,573.07 | 1,75,837.96 | 1,41,832.84 |
| b | Other Income | 17.27 | 22.28 | 248.45 | 149.42 | 534.02 |
| TOTAL INCOME | 47,431.58 | 42,442.50 | 37,821.52 | 1,75,987.38 | 1,42,366.86 | |
| 2 | EXPENSES | |||||
| a | Cost of materials consumed | 37,911.04 | 31,823.27 | 27,365.23 | 1,36,626.48 | 1,08,295.99 |
| b | Purchase of Stock-in-Trade | 411.92 | 337.25 | 1,267.53 | 1,469.53 | 1,267.52 |
| c | Changes in inventories of finished goods and work-in-progress | -1,068.95 | 226.26 | -302.83 | -3,019.92 | -3,369.15 |
| d | Employee benefit expenses | 2,001.36 | 1,766.68 | 1,634.52 | 7,174.90 | 5,896.87 |
| e | Finance Cost | 1,238.86 | 1,203.42 | 1,067.84 | 4,775.97 | 4,113.73 |
| f | Depreciation and amortisation expense | 674.44 | 726.40 | 596.66 | 2,732.22 | 2,341.79 |
| g | Other expenses | 5,032.76 | 4,520.39 | 4,693.87 | 18,881.42 | 16,352.05 |
| TOTAL EXPENSES | 46,201.43 | 40,603.67 | 36,322.82 | 1,68,640.60 | 1,34,898.80 | |
| 3 | PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (1-2) | 1,230.15 | 1,838.82 | 1,498.70 | 7,346.77 | 7,468.06 |
| 4 | Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | - |
| 5 | PROFIT BEFORE TAX | 1,230.15 | 1,838.82 | 1,498.70 | 7,346.77 | 7,468.06 |
| 6 | TAX EXPENSES | |||||
| a | Current Tax | 92.72 | 452.23 | 309.19 | 1,607.35 | 1,969.73 |
| b | Deferred Tax | 70.77 | 45.43 | 96.06 | 237.95 | 249.77 |
| Total Tax Expense | 163.49 | 497.66 | 405.25 | 1,845.30 | 2,219.50 | |
| 7 | Share of profit from Associate | -19.70 | (71.48) | -1.33 | -124.17 | (2.10) |
| 8 | PROFIT AFTER TAX (5-6) | 1046.96 | 1,269.68 | 1,092.12 | 5,377.31 | 5,246.45 |
| a | Attributable to Owners of the Company (Holding Co) | 1,026.76 | 1,238.91 | 1,016.62 | 5,294.16 | 5084.35 |
| b | Attributable to Non-controlling Interest | 20.20 | 30.77 | 75.50 | 83.15 | 162.10 |
| 9 | OTHER COMPREHENSIVE INCOME | |||||
| a | Items that will not be reclassified to profit or loss | -74.76 | 18.66 | -46.71 | -62.31 | 6.95 |
| b | Items that will be reclassified to profit or loss | 0.00 | - | 0.00 | 0.00 | |
| Total Other Comprehensive Income/(Loss) (net of tax) | -74.76 | 18.66 | -46.71 | -62.31 | 6.95 | |
| 10 | TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD | 972.20 | 1,288.34 | 1,045.41 | 5,315.00 | 5,253.40 |
| a | Attributable to Owners of the Company (Holding Co) | 951.65 | 1,257.57 | 969.91 | 5,231.50 | 5092.44 |
| b | Attributable to Non-controlling Interest | 20.55 | 30.77 | 75.50 | 83.50 | 160.96 |
| 11 | Share Capital (Equity Shares of Rs.10/- each) | 1,768.27 | 1,768.27 | 1,768.27 | 1,768.27 | 1768.27 |
| 12 | Reserves and Surplus (Annualized) | 57,497.39 | 52,626.63 | |||
| 13 | EARNINGS PER SHARE | |||||
| a | Basic after exceptional items (in Rs.) | 5.81 | 7.01 | 6.19 | 29.94 | 29.75 |
| b | Diluted after exceptional items (in Rs.) | 5.81 | 7.01 | 6.19 | 29.94 | 29.67 |
Date: May 23,2026
Place: Coimbatore
Somichettipalayam, Jothipuram (Post),
Coimbatore - 641 047. INDIA
+91-422-423 3600
CIN: L0321OTZ1986PLC001636
GSTIN: 33AAECS3411L1ZJ
Notes forming part of above CONSOLIDATED results
i) Holding Company and Subsidiary company are primarily engaged in manufacturing only one segment (single segment) viz., Electrical installation products;
ii) The above audited financial results were duly reviewed by the Audit Committee at its meeting held on May 23, 2026 and were taken on record and approved by the Board of Directors at their meeting held on May 23, 2026 along with the Audit report issued by the Statutory Auditor on Financial Results;
iii) The Consolidated Financial Statements have been prepared on a going concern basis, except for one subsidiary, Salzer Kostad EV Chargers Private Limited and one step-down subsidiary, Salzer Emarch Electro-mobility Private Limited, which management has decided to strike off. The Board of Directors of the specific subsidiaries have decided to apply for voluntary strike-off and have therefore prepared their individual financial statements on a non-going concern (liquidation) basis. This decision is isolated to these specific components and does not impact the operational viability or the going concern assumption of the Group as a whole; therefore, the financial statements of all other group entities and these Consolidated Financial Statements continue to be prepared under the going concern assumption.
iv) The Consolidated Financial Statements include the financial results of Salzer Electronics (Arabia) Limited, a wholly-owned overseas subsidiary, whose functional currency is the Saudi Riyal (SAR). For consolidation purposes, its financial statements have been translated into Indian Rupees (INR) in compliance with Ind AS 21 (The Effects of Changes in Foreign Exchange Rates). The financial results of this subsidiary have been audited by their independent auditors up to December 31, 2025, while the financial results for the subsequent quarter ended March 31, 2026, have been subjected to a limited review. Management has ensured that appropriate adjustments have been made for any significant transactions or events occurring between December 31, 2025, and March 31, 2026, to align with the Group’s reporting period, and that uniform accounting policies have been applied under Ind AS 110 (Consolidated Financial Statements).
v) The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial years, which were subjected to limited review by the Statutory Auditors. Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period’s classification.
For SALZER ELECTRONICS LIMITED
Coimbatore - 641 047.
May 23, 2026
AUDITED CONSOLIDATED BALANCE SHEET AS ON 31/03/2026
| Rs. in lakhs | |||
|---|---|---|---|
| As at | As at | ||
| Particulars | Mar 31, 2026 | Mar 31, 2025 | |
| I | ASSETS | ||
| 1 | Non-current Assets | ||
| (a) | Property, Plant and Equipment | 32961.95 | 29724.47 |
| (b) | Capital Work in progress | 731.06 | 262.04 |
| (c) | Investment Property | 0.77 | 0.77 |
| (d) | Goodwill | 708.34 | 731.59 |
| (e) | Intangible Assets | 320.96 | 404.56 |
| (f) | Financial Assets | ||
| i. Investments | 1264.86 | 1128.48 | |
| iii. Others | 245.57 | 431.67 | |
| (g) | Deferred Tax Assets (Net) | 14.56 | 7.90 |
| (h) | Other Non-Current Assets | 1042.78 | 843.81 |
| Total Non-Current Assets | 37,290.84 | 33,535.29 | |
| 2 | Current Assets | ||
| (a) | Inventories | 46835.32 | 36773.36 |
| (b) | Financial Assets | ||
| i. Investments | 1003.16 | 882.42 | |
| ii. Trade Receivables | 44552.53 | 40547.62 | |
| iii. Cash and Cash equivalents | 428.54 | 351.55 | |
| iv. Other Bank balances | 615.46 | 571.83 | |
| v. Loans | 116.84 | 141.91 | |
| vi. Others | 221.81 | 231.92 | |
| (c) | Other Current Assets | 5956.63 | 4947.93 |
| (d) | Current Tax Assets (Net) | 161.25 | 0.00 |
| Total Current Assets | 99,891.55 | 84,448.54 | |
| TOTAL ASSETS | 1,37,182.39 | 1,17,983.83 | |
| II | EQUITY AND LIABILITIES | ||
| 1 | EQUITY | ||
| (a) | Equity Share Capital | 1768.27 | 1768.27 |
| (b) | Other Equity | 57497.39 | 52626.63 |
| Equity attributable to the Owners of the Company | 59,265.66 | 54,394.90 | |
| Non Controlling Interest | 970.84 | 898.71 | |
| Total Equity | 60,236.50 | 55,293.61 | |
| 2 | LIABILITIES | ||
| (1) | Non-current Liabilities | ||
| (a) | Financial Liabilities | ||
| i. Borrowings | 2808.38 | 2231.51 | |
| ii. Lease Liabilities | 256.91 | 305.09 | |
| iii. Other financial liabilities | 8.49 | 7.75 | |
| (b) | Provisions | 287.81 | 225.23 |
| (c) | Deferred tax liabilities (net) | 2926.55 | 2699.49 |
| (d) | Other Non-Current Liabilities | 26.70 | 26.45 |
| Total Non-current Liabilities | 6,314.84 | 5,495.52 | |
| (2) | Current Liabilities | ||
| (a) | Financial Liabilities | ||
| i. Borrowings | 50335.97 | 43503.55 | |
| ii. Current maturity of Leased liability | 74.03 | 57.61 | |
| iii. Trade Payables | |||
| a. Due to Micro & Small Enterprises | 4713.99 | 2011.39 | |
| b. Due to Others | 13157.30 | 9143.62 | |
| iii. Others | 56.35 | 98.35 | |
| (b) | Other Current Liabilities | 1098.34 | 1385.46 |
| (c) | Provisions | 1181.84 | 791.81 |
| (d) | Current Tax Liabilities (Net) | 13.23 | 202.91 |
| Total Current Liabilities | 70,631.05 | 57,194.70 | |
| TOTAL EQUITY AND LIABILITIES | 1,37,182.39 | 1,17,983.83 |
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jothipuram (Post),
Coimbatore - 641 047, INDIA
+91-422-423 3600
[email protected]
www.salzergroup.com
CIN: L0321OTZ1986PLC001635
GSTIN: 33AAECS3411L1ZJ
| CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2026 | |||
|---|---|---|---|
| For the Year Ended | |||
| 31.03.2026 | |||
| Amount in Rs.(Lacs) | For the Year Ended | ||
| 31.03.2025 | |||
| Amount in Rs.(Lacs) | |||
| A. CASH FLOW FROM OPERATING ACTIVITIES | |||
| Net profit after tax | 5,377.31 | 5,246.45 | |
| Adjustments for: | |||
| Tax Expenses | 1,845.30 | 2,219.50 | |
| Depreciation | 2,732.22 | 2,341.79 | |
| Interest Income | (73.03) | (60.20) | |
| Finance Costs | 4,775.97 | 4,113.73 | |
| Rental Income | (13.19) | (15.44) | |
| Share of Loss from Associate | 124.17 | 2.10 | |
| (Gain)/Loss on Foreign Exchange Fluctuations (net) | 158.27 | (287.77) | |
| Dividend Income | (7.66) | - | |
| Impairment of Goodwill | (4.16) | (6.72) | |
| Other Non-Cash Items | 23.25 | 41.82 | |
| (Profit)/Loss on sale of Investments | - | - | |
| (Profit)/Loss on sale of Fixed Assets | (4.62) | 247.81 | |
| Fair valuation of investments | (24.17) | 47.28 | |
| Other Non Operating Income | (46.62) | (60.06) | |
| Other Comprehensive Income | (55.51) | (58.30) | 8,525.54 |
| Operating Profit before working capital changes | 14,807.53 | 13,771.99 | |
| Add: Adjustments for working capital changes | |||
| Inventories | (10,061.96) | (7,424.72) | |
| Trade and other receivables | (3,969.73) | (5,531.23) | |
| Other Current Assets | (1,008.70) | (269.61) | |
| Trade and other Payables | 6,716.28 | 5,366.57 | |
| Other Current Liabilities | 123.49 | (5,080.66) | (12,939.65) |
| Cash generated from operations | 6,606.91 | 832.34 | |
| Direct tax paid | (1,958.72) | (1,960.98) | |
| Net cash from operating activities | 4,648.19 | (1,128.64) | |
| B. INVESTING ACTIVITIES : | |||
| Investments in Fixed assets (Net) | (5,899.81) | (6,945.22) | |
| Increase/Decrease in Capital Work in Progress | (469.02) | (22.29) | |
| Non Operating Income | 46.62 | 60.06 | |
| Proceeds from Sale of Investments | 2.98 | - | |
| Proceeds from Sale of Fixed Assets | 18.35 | 357.60 | |
| Rental Income Received | 13.19 | 15.44 | |
| Changes in Other Bank Balances | (43.63) | 310.46 | |
| Changes in Other Non-Current Financial Assets | 186.10 | (147.60) | |
| Changes in Other Non-Current Assets | (198.97) | (286.31) | |
| Investment in Mutual Funds and Equities (Net) | (120.74) | (186.24) | |
| Dividend Received | 4.16 | 6.72 | |
| Interest Received | 73.03 | 60.20 | |
| Non-Current Investments Made | (255.63) | (1,116.03) | (7,893.21) |
| Net cash used in investing activities | (6,643.37) | (7,893.21) |
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jathipuram (Post),
Coimbatore - 641 047. INDIA.
+91-422-423 3600 [email protected]
www.salzergroup.com
CIN: L03210TZ1985PLC001535
GSTIN: 33AAECS3411L1ZJ
ISO 9001:14001:46001:IATF CERTIFIED
salzer
| C. FINANCING ACTIVITIES: | ||
|---|---|---|
| Proceeds/(Repayment) from Short Term Borrowings | 6,832.42 | 10,067.79 |
| Sale Proceeds from Sale of Shares of Kaycee by Salzer | 87.79 | 1,778.95 |
| Changes in Current Maturities of Lease Liabilities | 16.42 | - |
| Changes in Long-term Maturities of Lease Liabilities | (48.18) | - |
| Changes in Other Non-Current Financial Liabilities | 0.74 | 7.75 |
| Money received against share warrants | - | (208.89) |
| Increase in Share capital | - | 30.00 |
| Increase in Share Premium | - | 805.50 |
| Long Term Borrowings -Receipts | 576.87 | 932.75 |
| Increase/(Repayment) of non current liabilities | 0.25 | (80.54) |
| Interest and finance Charges | (4,775.97) | (4,113.73) |
| Gain/(Loss) on Foreign Exchange Fluctuations | (158.27) | 287.77 |
| Dividend and dividend tax paid | (459.90) | 2,072.17 |
| Net cash from financing activities | 2,072.17 | 9,048.47 |
| Net increase in cash and cash equivalents (A+B+C) | 76.99 | 26.62 |
| Add : Opening Cash and Cash Equivalents | 351.55 | 324.93 |
| Closing Cash balance | 428.54 | 351.55 |
| The above cash flow has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS) 7- Statement of Cash Flows. |
CIN: L032I0TZ1985PLC001535 GSTIN: 33AAEC53411L1ZJ
Independent Auditor's Report on Audited Consolidated Annual Financial Results of the Company Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, as amended.
To the Board of Directors
Salzer Electronics Limited
Coimbatore-641047
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Consolidated Annual Financial Results of Salzer Electronics Limited ("the Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group") and its Associates, for the year ended March 31, 2026 ("Consolidated Financial Results"), attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations").
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the report of the other auditors on separate audited financial statements/ financial results/ financial information of the subsidiaries and associates, the aforesaid consolidated annual financial results:
I. Includes the results of the following entities:
a) Parent Company
i. Salzer Electronics Limited
b) Subsidiaries
i. Kaycee Industries Limited
405-8, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. 080 - 23341957
ii. Salzer EV Infra Private Limited (Wholly owned subsidiary)
iii. Salzer Electronics Arabia Limited (Wholly Owned Overseas Subsidiary)
iv. Salzer Kostad EV Chargers Private Limited
v. Salzer Emarch Electromobility Private Limited (Through Salzer EV Infra Private Limited)
c) Direct Associate
i. Effilume Private Limited
ii. Aurawin Solutions Private Limited (Effective from February 12, 2026)
d) Indirect Associate
i. Ultra Fast Charges Private Limited (through Kaycee Industries Limited)
II. are presented in accordance with the requirements of Regulation 33 of Listing Regulations in this regard; and
III. give a true and fair view in conformity with applicable Indian Accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with the Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive loss and other financial information of the group and associates for the financial year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SA’s) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the consolidated Financial Results" section of our report. We
Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their report referred to in "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
We draw attention to Note 3 of the Consolidated Financial Results, which describes that Salzer Kostad EV Chargers Private Limited, a subsidiary of the Holding Company and Salzer Emarch Electromobility Private Limited, a step-down subsidiary of the Holding Company, are going for a voluntary strike-off and has prepared its financial statements on a non-going-concern basis. As detailed in the said note, this development does not affect the going-concern status of the Group as a whole, and the Consolidated Financial Results continue to be prepared on a going-concern basis. Our opinion is not modified in respect of this matter.
Board of Director's Responsibilities for the Consolidated Annual Financial Results:
These consolidated annual financial results have been prepared based on the consolidated annual financial statements. The Holding Company's Board of directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the net profit and other comprehensive loss and other financial information of the Group including its associates in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates are responsible for
405-B, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. © 080 - 23341957
companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Board of Directors of the Holding Company, as aforesaid.
In preparing the consolidated annual financial results, the respective Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of the Group and its associates to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associates are responsible for overseeing the financial reporting process of the Group and of its associates.
Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results:
Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is high level of assurance but is not a guarantee that an audit conducted in accordance
405-8, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. ☎ 080 - 23341957
RECEIVED
CBE 038
ACCOUNTING
Date: 23/05/2006
with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Group has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and associates to continue as a going concern. If we conclude that a
Date: 23/05/2024
material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Annual Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Consolidated Annual Financial Results, including the disclosures, and whether the Consolidated Annual Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Annual Consolidated Financial Statements of the entities within the Group to express an opinion on the Consolidated Annual Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Annual Financial Results of which we are the Independent Auditors. For the other entities included in the Consolidated Annual Financial Results, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the Consolidated Annual Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Annual Financial Results may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Annual Financial Results.
405-B, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. © 080 - 23341957
We communicate with those charged with governance of the Parent and such other entities included in the Consolidated Annual Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable and as received from the component auditors.
Other Matters
The consolidated Financial Results includes the audited Financial Results of the subsidiaries, whose financial information reflect Group’s share of total assets of Rs. 3,503.96 Lakhs as at March 31, 2026, Group’s share of total revenue of Rs. 4,305.65 Lakhs and Group’s share of total net profit after tax of Rs. 247.29 Lakhs for the period ended March 31, 2026, as considered in the consolidated Financial Results, which have been audited by their respective independent auditors. The independent auditors’ reports on Financial Results/financial information of the subsidiary have been furnished to us and our opinion on the consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.
Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the
405-B, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. ☎ 080 - 23241957
reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.
The Statement includes consolidated results for the period ended March 31, 2026, being the balancing figure between audited figures in respect of the full financial year ended March 31, 2026 and the published year to date figures up to the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations
For Swamy & Ravi
Chartered Accountants,
FRN: 0043175
S. Alamelu
Partner
Membership No.: 223555
UDIN: 26223555 YG161 KSI3882
Place: Coimbatore
Date: May 23, 2026
ISO 9001:14001:45001:IATF CERTIFIED
salzer
Annexure B
Declaration under Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015 in pursuance of SEBI Circular: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
I, K Raman, Chief Financial Officer of the Company, hereby declare that the Company's Statutory Auditors -M/s. Swamy & Ravi., (Firm Registration No: 004317S) Chartered Accountants, Coimbatore have submitted an unmodified / unqualified opinion on the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31,2026.
For Salzer Electronics Limited
K Raman
Chief Financial Officer
Date: May 23,2026
Place: Coimbatore -641047
SALZER ELECTRONICS LIMITED
Samichettipalayam, Jathipuram (Post),
Coimbatore - 641 047. INDIA.
+91-422-423 3600 [email protected]
www.salzergroup.com
CIN: L03210TZ1985PLC001536
GSTIN: 33AAECS3411L1ZJ
Annexure : C
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023
a) Re-appointment of Mrs. Priya Bhansali (DIN: 00195848)
| 1 | Name | Mrs. Priya Bhansali
(DIN: 00195848) |
| --- | --- | --- |
| 2 | reason for change viz.
appointment, re-appointment,
resignation, removal, death or
otherwise; | Re-Appointment of Mrs Priya Bhansali as an
Independent Director of the Company, subject
to approval of shareholders, |
| 3 | date of appointment/re-appointment/cessation (as
applicable) & term of
appointment/re-appointment; | Reappointment w.e.f. August 07, 2026 as an
Independent Director for a period of five years
subject to requisite approval of shareholders. |
| 4 | Brief profile | Qualification of Mrs. Priya Bhansali
a. Bachelor in Commerce, Madras
University, 1986
b. Chartered Accountant, Institute of
Chartered Accountants of India (ICAI),
1988
c. Information Systems Auditor, ICAI, 2001
GST and
d. Certification Course by ICAI, 2017
Mrs. Priya Bhansali, aged 60 years, is a partner
in M/s. Kumbhat & Co, Chartered Accountants.
She has been a practicing Chartered Accountant
for over three decades. She has experience and
expertise in Direct Taxes, Audit, Joint Ventures,
FDI and International Taxation etc. Enrolled as
technical Reviewer and Peer reviewer |
| 5 | Disclosure of relationships
between directors (in case of
appointment of a director) | She is not related to any of the Directors on the
Board. |
Samichettipalayam, Jothipuram (Post).
CIN: L0321OTZ1985PLC001535 GSTIN: 33AAECS3411L1ZJ
ISO 9001 | 14001 | 45001 | IATF CERTIFIED
b) Re-appointment of Mr. Sharat Chandra Bhargava (DIN: 00008146)
| 1 | Name | Mr. Sharat Chandra Bhargava
(DIN: 00008146) |
| --- | --- | --- |
| 2 | reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise; | Re-Appointment of Mr. Sharat Chandra Bhargava as an Independent Director of the Company, subject to approval of shareholders, |
| 3 | date of appointment/re-appointment/cessation (as applicable) & term of appointment/re-appointment; | Reappointment w.e.f. August 07, 2026 as an Independent Director for a period of five years subject to requisite approval of shareholders. |
| 4 | Brief profile | Qualification of Mr. Sharat Chandra Bhargava
a. Tech from Indian Institute of Technology (IIT), Kharagpur (a distinguished as gold medallist and
b. Advanced Management Program in Wharton School of the University, USA.
Mr. Sharat Chandra Bhargava, aged 76 years, has 45 years of experience and expertise in Switchgear division.
He headed the Electrical Business group in L&T for 8 years and was Chairman of Tamco and its subsidiaries (Malaysia, Indonesia, Australia & China) |
| 5 | Disclosure of relationships between directors (in case of appointment of a director) | He is not related to any of the Directors on the Board. |
CIN: L03210TZ1985PLC001535 GSTIN: 33AAECS3411L1Z1
c) Re-appointment of the Cost Auditor
| 1 | Name | Mr.A.R.Ramasubramania Raja,
(Cost Auditor) |
| --- | --- | --- |
| 2 | reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise; | The Board of Directors at their meeting held on May 23,2026 on recommendation of the Audit Committee, approved the appointment of Mr.A.R.Ramasubramania Raja, Practicing Cost Accountants, Coimbatore as the Cost Auditor of the Company for the financial year 2026-27 subject to confirmation of the Shareholders at the forthcoming Annual General Meeting |
| 3 | date of appointment/re-appointment/cessation (as applicable) & term of appointment/re-appointment; | Re-appointed on May 24, 2026 for the financial year 2025- 26. |
| 4 | Brief profile | Mr.A.R.Ramasubramania Raja, has been providing Cost audit services for more than 10 years to the Company. He is an technocrat having 40+ years work experience in various industries. Handled costing and audit assignments in engineering, textiles, electrical, paper, health care, poultry, foods, agriculture, plastics & polymer etc. |
| 5 | Disclosure of relationships between directors (in case of appointment of a director) | He is not related to any of the Directors on the Board. |
Samichettipalayam, Jothipuram (Post).
Coimbatore · 641 047. INDIA
CIN: L03210TZ1985PLO001535 GSTIN: 33AAECS3411L1ZJ